Hondas do make for great work vehicles, especially when hauling a washing machine :wink: I did see this one time; as a youngster I worked at Lowes and helped people load heavy merhandise.

I would say that it was about a 8 cap at 90% leased.A few months after purchasing it I kicked everyone out, sunk a ton of money into it, turned the laundry room into an efficiency and made it a 13 unit complex.

In my market, in-unit laundry machines are a must. 

Have folks purchased refurbished machines from Laundry Solutions: https://www.123laundryshop.com...? 

He beat me up once in the laundry room.

Your underwriting on the deal can be relatively simple:GROSS MONTHLY RENT-Mortgage (PITI) -Utilities (power, water, gas)-Maintenance (landscaping, pool, pest control, etc)-Repairs + Capex (Assuming 10-20% of gross rents depending on age of property)+Additional income (Rubs, laundry, etc)=NET MONTHLY INCOME

And a loan on them too.And a lawsuit on them too--undisclosed.And they are probably permanently turned off.You really drew the low card from the deck on this one (at least it's only $33,000)Also, be ready for when it's re-roof time and they have to be removed $$ to re-shingle the house.I always consider solar panels a negative.The way I see it (back of a napkin calculations):Panel life est 25 to 30 years--then must be paid for to be removed, hauled to dump, and replaced.Boston Solar savings average = $30,000Loan on Panels = $33,000 could be structured to be $99,000 in total cash payments if 30 year loan.add to that the extra cost of removing and re-installing them to re-shingle.That's why I'm not pro solar on houses.Do the tax benefits (if any) make that a wash or profit, I suppose that is for the salesman to point out.Still, it's not something I consider a positive in a deal.And Austin is subtropical sunny.Link to Calculator:https://www.google.com/search?

If they have to wash a cup to give you water, or the bathroom is gross then we don't rent to them. 

The 2 people can sleep in their own room, do their laundry, cook food, grill something outside, and have cable/wifi. 

Was he trying to wholesale it ?